RE: BP/shell or other2 Nov 2018 02:19
Ricfle,
"Should we introduce the risk of some ego maniac, who believes they can calculate flow rates and interpret the well results after first oil ?"
I don't know who you're referring to as a maniac, but it's probably myself. However I haven't said that it'll be possible for anyone here without connections to the company to calculate flow rates and interpret well results soon after first oil. (With your seemingly encyclopedic memory of every post I've ever written, you may find one where I did say that, but if so I was expressing myself badly.)
What one should be able to do is calculate very approximate PRODUCED VOLUMES over a period of the first three months or so, and by comparison whith the figures JayKay mentioned in his 22:15 post on Tuesday get a rough idea of how well things are going. Working backwards and trying to deduce how fast the well(s) are flowing at any particular time would, as you note, be impossible. All one could get in that respect is a rough mean flowrate over a matter of weeks or months, which would be a fairly meaningless figure anyway.
Trying to figure out (I repeat, approximate) production volume wouldn't be much more than an interesting 'academic exercise' anyway. But of no less value than trying to predict what the SP might be at FoiL, when the FPSO might latch with the buoy, whether Crystal Amber is a shareholder to be trusted, 'shipwatching', and all the myriad other topics which make this such an interesting board. And given that only an infinitesimal amount of the chat here has any effect on the way the company works, if you think of it in those terms, we might as well all stop contributing here and find something else to do during the day like staring at our own navels.
When it boils down to it, we ought to learn far more detail about production figures and so on next June at the AGM, because doubtless the initial EPS performance will be a subject of great scrutiny, assuming it's actually gone online by then (June still being within H1). And as I've posted before, I feel fairly sure that the FoiL RNS will tell us the startup flowrate and which well has been brought onstream first, though I'm not certain I'd like to put money on that.
To round off this early-morning message, if it is indeed me you're calling a maniac, please be informed that I'm not at all bothered by that. I prefer to be considered a maniac than some boring old bit of flatulence that perpetually asks humourless rhetorical questions, argues with almost everybody, and doesn't contribute anything positive or of any value to discussion about anything on this chatboard.